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InterVideo Sets IPO Terms

Updated June 3, 2003 8:36 p.m. ET

InterVideo Inc. on Tuesday announced it plans to sell 2.3 million shares with a price range of $11 to $13 a share in its pending initial public offering. On Jan. 30, Fremont, Calif.-based InterVideo withdrew its previous IPO of 3.5 million common shares for $12 to $14 a share and refiled a new IPO to sell up to $56.35 million in common stock. InterVideo also changed underwriters to SG Cowen and SoundView Technology Group from UBS Warburg and CIBC World Markets. The company said net proceeds from the IPO will be used for general corporate purposes, including working capital and capital expenditures. It may also use a...